What Is Cryptocurrency? Here’s What You Should Know

Blockchain technology may be a new name for readers, but experts are firmly convinced that thanks to this technology we can witness a major shift in technology. Therefore, various companies are looking for good opportunities in the field of Blockchain application development. Blockchain is an emerging technology so most people are not aware of this new advancement. If you are one of those who want to have significant knowledge about technology, just keep reading the information below.

What do we mean by Blockchain?

Blockchain functions as a digital book in which transactions are made using Bitcoin or cryptocurrencies. According to Blockchain experts, this technology provides an absolutely safe way to create or record any transactions, agreements or contracts. Moreover, Blockchain is valuable for everything needed to be checked and stored in a secure digital ecosystem.

From the starting point of the network, the database is shared between multiple users involved in accessing information about all transactions. The total size of the network varies depending on the number of users which can be two or three users or can be a group of hundreds of users.

What is the use of Blockchain technology?

Experts are trying to use it for more than one purpose, and today the most visible and prominent use of Blockchain technology is Bitcoin. Bitcoin has been helping people involved in financial transactions since 2008. In addition, experts are looking for ways in which the same technology can be used to resolve or reduce security, disputes or belief issues.

How is it used?

Specialized computer software is used to automatically create a blockchain to share information in the database in the event of a new transaction. A blockchain contains blocks that are hashed or encrypted transaction packets. Each code, with a block hash before it, connects the two and forms a chain that is a blockchain. This process needs to validate each block to ensure the security of the entire database.

Why do we need Blockchain development?

As already mentioned, Blockchain is trying to make the technology more useful for people who need to maintain undisputed transaction records. Blockchain technology provides superior clarity and transparency and can be used as an effective tool against corruption cases.

With the help of Blockchain technology, all transactions take place in a secure environment where all details are encrypted while generating a unique transaction number and that number is recorded in the book as a reserved place. In this case, not all users would be able to see the details of the transaction. However, the network will be aware of the transaction. This process limits any fraud changes because a person with malicious plans must access every computer on the network to make changes to the database.

Due to the growing importance of Blockchain development, many individuals or organizations are looking for a reliable and trustworthy company to develop Blockchain.

We all knew a time when 1 BitCoin was worth more than $ 13,000 and then suddenly crashed and is now only worth $ 6,000.

People never seem to know and understand the reasons for these falls and I will explain it to you.

There was a total amount of BitCoin that the developers generated from the very beginning, and since it became valuable, more needed to be generated. Didn’t you all understand well? Let me explain better.

Imagine that from the beginning, bitcoin developers initially generated 10,000,000 bitcoins. Now these 10,000,000 BitCoins were circulating to individuals, so when 10,000,000 BitCoins were already owned by individuals around the world, its value began to grow.

Now the developers saw that their cryptocurrency had gained more value, but fewer individuals owned it, so there was a need to generate more in order for more individuals to own it.

And what better way is there to generate more BitCoin?

If

1 bitcoin = $ 13,000.

Then

10,000,000 BitCoin = $ 130,000,000,000.

So there are $ 130 billion online.

Then the idea came to the developers !!

Let’s bring down the price of BitCoin, use the remaining amount to generate more BitCoin.

It is:

Since BitCoin has built $ 130 billion online, lower the price and generate more.

I think

1 BitCoin = $ 13,000 then Now

1 bitcoin = $ 6,000

Thus, 2.2 bitcoins can be generated from 1 bitcoin.

Now the question arises where is the newly generated BitCoin?

It is everywhere on the internet !!!

It is located on every web page you enter.

It is available on every social media platform.

It is available anywhere in the world !!

It is located in North America.

It is located in South America.

It’s in Africa.

It’s in Asia.

It’s in Europe.

It’s scattered everywhere !!!

All you have to do is start mining it.

How to start mining this cryptocurrency now?

There is a lot of bitcoin mining software that I will recommend Web’Miner.

It is software developed by the Chinese organization “Soft Tech Geeks”. I’ve used it a lot, I mine whenever I want and I make a lot of money from it.

Some will say, why share it now?

Some will say, if it’s easy, why not just Mine? So you can get everything for yourself.

Well, the developers are smart, they put a mining limit on that. The idea was not to have one person, or a certain group of people.

The idea was for everyone, everywhere in the world, to own this cryptocurrency.

If you need help mining Bit Coin, you can contact

SOFT TECH GEEKS

softtechgeeks@gmail.com

Thanks

The noticeable recent rise in Bitcoin prices has rekindled the imagination of many investors, but Blockchain technology is not just about money. In this article, we will look at how much impact this revolutionary technology will have on classic web hosting services.

The concept of cryptocurrency is not rocket science. In fact, this medium of exchange is no more complicated than the traditional currency. However, he still needs a safe and reliable environment in which to work, and this is ensured by Blockchain.

What is Blockchain? There is a lot of misunderstanding about this, but, for the purposes of this article, we will simply define it as a distributed table. We’re all familiar with Excel or Open Office spreadsheets, but what makes Blockchain so appealing is the way it’s distributed.

Just like the files in Torrent, Blockchain is a peer-to-peer network where there is no need to ensure trust between the parties. Thanks to modern cryptography, trust is instead maintained at the level of a single record, not the party hosting it.

Okay, we now understand the basics of the cryptocurrency revolution, but how, we might ask, does it affect web hosting services? In essence, in its simplest form, this would suggest not only selling your services in your local currency, but also in Bitcoin and other cryptocurrencies.

However, this is not the end of the revolution. Bitcoin and other digital currencies need electronic wallets to work, and therefore there is huge potential for traditional web hosting providers. If you have the trust of your customers and host their websites, then why not host their electronic servants?

Any cryptocurrency transaction is a de facto transaction between two electronic vaults. Each exchange is maintained through a wallet, and you can also provide an interface for your clients to access. This factor is key to fully understanding the impact of Blockchain on your web hosting business.

This says, Blockchain is not just about money. The latest versions of its protocols also provide the possibility of making any form of agreement between the parties, whether it is a subscription to cable television or any other type of account. They all need to be stored somewhere, and there is a place to include web hosting companies.

The wallet is therefore the key to fully exploiting the potential of Blockchain. Once you understand this, then what should be your next steps?

Cryptocurrency concepts must be cleared if you want to have a flexible, anonymous and secure currency transaction. There are many benefits that can be gained by using such a nature of currency when an equitable business is desired.

The basic condition for such transactions in foreign currency

For such a currency transaction between two peer computers, there is a Blockchain requirement. When such is present, then there is no need for any third party who can be trusted to execute such transactions. The system provides a way to have a secure transaction because it is impossible for hackers to manipulate any transaction or create false data.

Advantages of using such a transaction system

There are many benefits to using this nature of peer-to-peer transactions. Let’s take a look at them.

Pseudonymity: Each transaction using a cryptocurrency has a unique identifier. The uniqueness of the identifier is that it is not associated with the user’s name and address. The identification can be easily changed for each executed transaction with just a click of a few buttons.

WalletsA: A wallet is a place where you can practically store your money and use it for any type of transaction. There are many ways to make your wallet secure. You can use passwords, encryption, or have dedicated hardware to have such security. You can easily have privacy and security for the money you have in your wallet.

Secure transactions: You can expect to have the most secure cryptocurrency transaction. A worldwide computer network manages every transaction that is executed. It is a network not managed by any central governing body, so this decentralized nature of cryptocurrency allows for a perfectly equitable transaction.

The transaction is made safer due to the fact that money cannot be forcibly taken from anyone. Thousands of checks are performed before the transaction is executed, and if any defect is detected, the transaction is stopped. It can be said that such a transaction is more secure than using a credit card.

Automatic transaction: This nature of peer transactions can be automated using smart contacts. The system would process the transaction itself according to the rules you set. For example, if you want a certain amount of money to be transferred to a certain account after you have a certain fund then the system will automatically follow such an instruction.

Quick settlement: With this method of transaction you do not have to wait long to have money in your account. The peer-to-peer nature of the transaction that is available using cryptocurrency allows to reduce the number of intermediaries, and thus the various necessities associated with it. So, you can expect to have the fastest way of currency transaction using this tool.

Easy payment:

It is quite easy to pay using cryptocurrencies. You do not have to pay large fees or enter additional details other than the recipient’s wallet address to enable such transactions. The amount would be transferred to the receiver within a few seconds.

So, it is easy to see how effective and useful it is to have equal transactions using cryptocurrency.

As we expected, we received a lot of questions from readers since the publication of Crypto TREND. In this issue, we will answer the most common one.

What changes are coming that could change the game in the cryptocurrency sector?

One of the biggest changes that will affect the world of cryptocurrencies is an alternative method of block validation called Proof of Stake (PoS). We will try to keep this explanation at a fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is a significant factor.

Remember that the underlying technology with digital currencies is called blockchain and most current digital currencies use a validation protocol called Proof of Work (PoW).

With traditional payment methods, you must trust a third party, such as Visa, Interact, or a bank or clearing house to check your transaction. These trusted entities are “centralized,” meaning they keep their own private ledger that keeps a history of the transaction and the status of each account. They will show you the transaction and you have to agree that it is correct or initiate a dispute. Only the parties to the transaction see this.

With Bitcoin and most other digital currencies, books are “decentralized”, which means that everyone online gets a copy, so no one has to trust a third party, such as a bank, because anyone can directly check the information. This verification process is called “distributed consensus”.

PoW requires that “work” be done to confirm a new transaction to enter the blockchain. In cryptocurrencies, this validation is done by “miners”, who have to solve complex algorithmic problems. As algorithmic problems become more complex, these “miners” need more expensive and powerful computers to solve problems ahead of all others. “Mining” computers are often specialized, usually using ASIC chips (Application Specific Integrated Circuits), which are more skillful and faster in solving these difficult puzzles.

Here is the process:

• Transactions are linked in a ‘block’.
• Miners confirm that transactions within each block are legitimate by solving the hash algorithm puzzle, known as the “proof of work problem”.
• The first miner to solve the “problem of proof of operation” of the block is rewarded with a small amount of cryptocurrency.
• After verification, transactions are stored in a public blockchain throughout the network.
• As the number of transactions and miners increases, so does the difficulty of solving hashing problems.

While PoW has helped blockchain and decentralized, unreliable digital currencies get launched, it has some real drawbacks, especially given the amount of electricity these miners consume trying to solve “evidence of problems at work” as quickly as possible. According to Digiconomist’s Bitcoin Energy Consumption Index, bitcoin miners use more energy than 159 countries, including Ireland. As the price of each Bitcoin rises, more and more miners are trying to solve the problems, spending even more energy.

All that energy consumption just for transaction validation has motivated many in the digital currency space to look for an alternative method of block validation, and the leading candidate is a method called “Proof of Stake” (PoS).

PoS is still an algorithm, and its purpose is the same as in proving work, but the process of reaching the goal is completely different. There are no miners at PoS, but we have “validators” instead. PoS relies on the confidence and knowledge that all people who check transactions have their skin in the game.

In this way, instead of using energy to answer PoW puzzles, the PoS validator is limited to validating the percentage of transactions that reflects his or her ownership stake. For example, a validator that owns 3% of the available ether can theoretically only validate 3% of the blocks.

At PoW, the chances of solving a proof of performance problem depend on how much computing power you have. With PoS, it depends on how many cryptocurrencies you have on the “role”. The higher the stake, the higher the chances that you will solve the block. Instead of winning crypto coins, the winning validator receives transaction fees.

Validators enter their stake by ‘locking’ part of their fund tokens. If they try to do something malicious against the network, such as creating an ‘invalid block’, their stake or security deposit will be lost. If they do their job and do not break the network but do not win the right to block validation, their stake or deposit will be refunded.

If you understand the basic difference between PoW and PoS, that’s all you need to know. Only those who plan to be miners or validators must understand all the details of these two methods of validation. Most of the public who wants to own cryptocurrencies will simply buy them through exchange rather than participate in actual mining or block transaction validation.

Most in the crypto sector believe that digital tokens must switch to the PoS model in order for digital currencies to survive in the long run. At the time of writing, Ethereum is the second largest digital currency behind Bitcoin and their development team has been working on its PoS algorithm called “Casper” in recent years. We are expected to implement Casper in 2018, putting Ethereum ahead of all other major cryptocurrencies.

As we saw earlier in this sector, major events such as the successful implementation of Casper could lead to much higher Ethereum prices. We will keep you informed about future releases of Crypto TREND.

Stay tuned!

Blockchains, sidechains, mining – terminology in the secret world of cryptocurrencies piles up by the minute. While it sounds unreasonable to introduce new financial terms into the already intricate world of finance, cryptocurrencies offer a much-needed solution to one of the biggest disruptions in today’s money market – transaction security in the digital world. Cryptocurrency is a defining and disruptive innovation in the fast-paced world of fin-tech, a relevant response to the need for a secure medium of exchange in the days of virtual transactions. At a time when jobs are just numbers and numbers, cryptocurrency suggests just that!

In its most rudimentary form of expression, cryptocurrency is proof of the concept of an alternative virtual currency that promises secure, anonymous transactions via peer-to-peer network networking. The wrong name is more property than real currency. Unlike everyday money, cryptocurrency models work without central government, as a decentralized digital mechanism. In a distributed cryptocurrency mechanism, money is issued, managed, and approved by a collective network of community peers – whose ongoing activity is known as mining on peer machines. Successful miners also receive coins in gratitude for their time and resources used. Once used, transaction information is broadcast on a blockchain on a public key network, preventing each coin from being spent twice by the same user. Blockchain can be imagined as a cash register. The coins are secured behind a password-protected digital wallet representing the user.

The supply of coins in the world of digital currency is predetermined, without manipulation, by any individual, organization, government body and financial institution. The cryptocurrency system is known for its speed, because transaction activities through digital wallets can materialize funds in a few minutes, compared to the traditional banking system. It is also largely irreversible by design, which further strengthens the idea of ​​anonymity and eliminates any further chances of the money being returned to the original owner. Unfortunately, prominent features – speed, security and anonymity – have also made cryptocurrencies a way of transaction for a number of illegal shops.

Just like the real-world money market, exchange rates fluctuate in the digital coin ecosystem. Due to the limited amount of coins, as the demand for the currency increases, the value of the coins inflates. Bitcoin is the largest and most successful cryptocurrency to date, with a market capitalization of $ 15.3 billion, occupies 37.6% of the market and currently has a price of $ 8,997.31. Bitcoin entered the currency market in December 2017 by trading at $ 19,783.21 per coin, before facing a sharp decline in 2018. The decline was partly caused by the rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to the hard-coded constraints of their supply, cryptocurrencies are considered to follow the same principles of economics as gold – the price is determined by limited supply and fluctuations in demand. With the constant fluctuations of exchange rates, it remains to be seen their sustainability. Consequently, investing in virtual currencies is more speculation at the moment than the everyday money market.

In the light of the industrial revolution, this digital currency is an indispensable part of the technological disruption. From the point of view of the casual observer, this climb can seem exciting, threatening and mysterious at the same time. While some economists remain skeptical, others see it as a lightning revolution in the monetary industry. Conservatively, digital coins will squeeze out about a quarter of national currencies in developed countries by 2030. This has already created a new asset class alongside the traditional global economy, and a new set of investment funds will come from cryptocurrencies in the coming years. Recently, bitcoin may have declined to draw attention to other cryptocurrencies. But this does not signal any decline in the cryptocurrency itself. While some financial advisers emphasize the role of governments in combating the secret world to regulate the central governance mechanism, others insist on continuing the current free flow. The more popular cryptocurrencies are, the more control and regulation they attract – a common paradox that encroaches on the digital note and undermines the primary goal of its existence. In any case, the lack of intermediaries and supervision makes it extremely attractive to investors and causes drastic changes in everyday trade. Even the International Monetary Fund (IMF) fears that cryptocurrencies will displace central banks and international banking in the near future. After 2030, regular trading will be dominated by a cryptocurrency supply chain that will offer less friction and greater economic value between technologically capable buyers and sellers.

If a cryptocurrency strives to become an essential part of the existing financial system, it will have to meet very different financial, regulatory and social criteria. It will have to be hacker-resistant, consumer-friendly and well-protected in order to offer its fundamental benefit to the mainstream monetary system. It should preserve the anonymity of users, without being a channel for money laundering, tax evasion and internet fraud. Since these are necessary things for a digital system, it will take a few more years to figure out whether the cryptocurrency will be able to compete with the real world currency in full swing. While this is likely to happen, the success of the cryptocurrency (or lack thereof) in solving the challenges will determine the happiness of the monetary system in the coming days.

There are different types of cryptocurrency wallets that allow users to store and access their digital currencies in different ways. The question that is relevant in this context is how secure these wallets are. Before moving on to the security aspect, it is helpful to understand the different types or variants of cryptocurrency wallets that exist today.

Cryptocurrency Wallet: Types and Variants

These wallets can generally be classified into 3 categories:

• Software wallets
• Hardware wallets and
• Paper wallets

Cryptocurrency software wallets can be re-divided into desktop, online and mobile wallets.

• Desktop software wallets: These wallets are intended for download and installation on desktop and laptop computers. This special variety offers the highest level of security even though their availability is limited to the computer in which they are installed. Moreover, in case the computer is hacked or infected with a virus, there is a possibility that someone will lose all their money.
• Online software wallets: This range of cryptocurrency wallets works in the cloud. Therefore, they can be easily accessed from any computer device and from any geographical location. In addition to the convenience of accessibility, this type of digital wallet keeps private keys online. The keys are even controlled by third parties; this makes them easily vulnerable to hacking and theft.
• Mobile software wallets: Unlike the other two variants, mobile software wallets work on smartphones via the app. They can be easily used everywhere, including retail stores and shopping malls. This range of wallets is usually much simpler and smaller compared to normal desktop wallets to accommodate the very limited space on mobile devices.

The difference between hardware and software wallets

Hardware digital wallets differ from software wallets in terms of storing users’ private keys. Hardware wallets store user keys in a hardware device (for example, USB). Therefore, as the keys are stored offline, these wallets offer additional security. Moreover, hardware wallets are easily compatible with many network interfaces and can handle different currencies. This type of cryptocurrency wallet is also easy to perform transactions. As a user, all you need to do is connect the device to any computer connected to the web before entering the PIN, switch the currency and just confirm the transaction. Your digital currency is kept offline by hardware wallets and therefore the risk factor or security problem is also much smaller.

Paper digital wallets: This range of digital wallets is also easy to use and provides a high level of security. The term “paper wallet” only refers to a printed copy of a user’s public and private keys. However, with respect to instances, it can also refer to a software application that is designed to securely generate keys before printing.

Cleaning with paper wallets

Using paper wallets is relatively easier. To transfer any cryptocurrency to your paper wallet, simply transfer funds from the software wallet to the public address displayed by your paper wallet. Similarly, when you want to spend or withdraw your money, just transfer funds from your paper wallet to your software wallet. This procedure is popularly called ‘sweeping’.

Cleaning can be done manually, by entering private keys or by scanning a QR code on a paper wallet.

How secure are cryptocurrency wallets

Different types of digital wallets offer different levels of security. The security aspect mainly depends on two factors:

• The type of wallet you use – hardware, paper, online, desktop or mobile
• Selected service provider

Needless to say, it is much safer to keep currencies in an offline environment compared to online. There is simply no way to ignore security measures, no matter what wallet you choose. If you lose your private keys, all the money in your wallet will disappear from your hands. On the other hand, if your wallet is hacked or you transfer funds to a fraudster, it will not be possible to cancel the transaction or return that money.

Investing in cryptocurrencies is a smart business idea and for that, using the right wallet is inevitable. You just need to be a little careful to ensure the security and safety aspect of your asset transfers and transactions.

Surely everyone has heard the words Ethereum and Bitcoin. Being part of the blockchain world, they have attracted worldwide attention through broad media coverage. In general, blockchain technology has gained business interest due to its decentralized, unchanging and transparent nature. Among other significant projects that have emerged in recent years is Hyperledger.

What is Hyperledger?

Hyperledger is an open source project of blockchain and related tools hosted by the Linux Foundation. It was created in 2015 and aimed to advance inter-industry blockchain technologies. Hyperledger does not support cryptocurrencies and is not a network of cryptocurrencies or a traditional blockchain system.

So what is Hyperledger for? The project aims to make it easier for developers and companies to adopt blockchain. It provides the necessary standards and infrastructure for the development and implementation of blockchain solutions in various industries.

Hyperledgeer structure in depth

The Hyperledger project can be visualized as a house with open source development tools and libraries as the foundation, and modular frames just below the roof.

One of the widely used digital books is called Hyperledger Fabric. It is an allowed blockchain infrastructure that serves as a foundation for building applications or solutions with a modular architecture.

Hyperledger Besu is an Ethereum client designed for corporate use for public and private use of permitted networks. The next framework Hyperledger Burrow works on smart contracts and represents a complete single-binary blockchain distribution that supports EVM and WASM.

Hyperledger Indy can work autonomously or even interact with other blockchains. Indy was developed precisely for decentralized identities. Another easy-to-use modular distributed platform is called Iroha Hyperledger. The framework contains a role-based permission model and support for multiple signatures. Iroha is tailored for digital asset management systems and is used to manage identity and serialized data. As part of the Hyperledger system, there is also no presence of cryptocurrencies here.

The Hyperledger Sawtooth digital book offers a modular architecture in which smart contracts can specify business rules for applications without the need to know the basic design of the system. Sawtooth uses the Python programming language and simplifies the installation and maintenance of the final software.

Hyperledger applications compared to other enterprise solutions

Let’s look at the differences between traditional web portals and blockchain-based solutions. The former lack speed, security, and traceability, while the blockchain offers high-speed transactions and enhanced security provided by smart contracts and encryption. As for Hyperledger dApps in particular, they stand out for their ability to handle complex business processes within hours.

When it comes to blockchain solutions without permission and allowed Hyperledger applications, there are a few big differences. Blockchain solutions without permission imply zero regulation, allow anonymous cryptographic identities, and generally represent public systems on a shared book. Counterfeit tracking is code-based and transactions cannot be changed.

Hyperledger applications are both public and private systems in which workflows are controlled by regulators. Participants in Hyperledger applications are real and recognizable, and transaction identities can be tracked.

All in all, Hyperledger guarantees data exchange protected against unauthorized opening and cryptographic validation of contract and operation terms. The toolkit is rich in platforms and frames that can be selected according to business specifications. Finally, implementing the solution will help consolidate databases, improve performance and scalability, minimize fraud risk, protect sensitive data, and simplify return on investment.

Industries ready to adopt Hyperledgera

Hyperledger has already entered several areas, such as supply chain management, retail, healthcare, FinTech, IoT, banking and manufacturing. Among the companies that use the technology are Walmart, Amazon, Nestle, Visa, Maersk, the Postal Savings Bank of China and others.

To start innovating in your company through the adoption of Hyperledger, you need to choose a competent Hyperledger development company that will design a customized solution to address your business challenges.

If you have invested in cryptocurrencies, you know that taking into account market conditions is of the utmost importance. As an investor, you should be aware of what is happening with different currencies and what other traders are saying about the future.

Therefore, if you want to make wise investment decisions, it is better to consider cryptocurrency predictions. Fortunately, there are many resources on the web that allow you to research and search for predictions. This can help you stay ahead of others in the market. Make sure you stay away from fraudulent people and other plans that claim to make you rich overnight. Below are some credible sources of predictions that can help you achieve success as an investor.

TradingView

If you are looking for a reliable forecast source, see TradingView. This platform offers great drawing tools that anyone can use. It doesn’t matter if you are a beginner or an advanced user. This platform allows you to know how different types of cryptocurrencies behave over time. So you can predict their behavior in the future.

One of the main reasons why this platform offers reliable predictions is that it has a huge community of experienced investors who are always willing to share their knowledge. In fact, over 3.3 million active investors are part of this platform.

Finder.com

Finder is your ideal source if you want to get valuable insight into the future of cryptocurrency from various trusted authorities. In fact, Finder regularly consults finance and cryptocurrency experts and publishes their predictions for other investors.

The platform also works with panelists from various industries, such as news, finance and technology. Based on conversations with these professionals, the Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room of this platform, you can talk to other experienced investors 24 hours a day. In addition to this, you can benefit from other great features offered by the platform, such as real-time alerts, peer counseling centers, technical analysis, etc.

This place is the best platform on which you can discuss the future of these currencies. And the great thing is that experts will give you a deeper insight into this world and help you make informed decisions.

When it comes to investing in cryptocurrencies, make sure you do your homework first. It’s a great idea to consider predictions so you can make the right decisions in the future. You need to pay attention to what other experienced investors think about the future. Other than this, you might want to get the point of view of industry experts.

Final Thoughts

So, if you look at the above sources, you will be able to gain insight into the minds of other investors in the industry. This way you can make better decisions, which will ensure that your business becomes profitable. It is better to check the predictions regularly.

Around the world, people’s life expectancy has risen by leaps and bounds. Compared to the 1950s, it increased by 50%, and compared to the 1980s, it increased by 30%. Gone are the days when only company-sponsored retirement plans were enough to spend the golden age in a relaxed and carefree way.

Today, with the rise of other expenses such as housing, education, health care and more, few people find it increasingly difficult to save for retirement.

Unfortunately, the bitter truth is that people of all generations, from baby boomers to millennials, do not save enough for retirement. Savings is one of the world’s most underrated epic crises.

“Retirement is complicated. It’s never too early or too late to start preparing for retirement.”

Therefore, people are trying to find alternative options that give them higher returns in a shorter period of time. Traditionally, real estate, private capital and venture capital have been sought. Now a new and more additional income and lucrative investment has joined the picture – enter cryptocurrencies.

Cryptocurrency investments – For those who do not want to put all their eggs in one basket

One of the biggest benefits of investing in cryptocurrencies is that it separates your portfolio from reserve currencies. For example, if you live in the UK, then you are required to have shares in UK-based companies in your pension portfolio if you are in equity. What will happen to your portfolio if the British pound falls? And given today’s changing political scenario around the world, nothing is certain.

Therefore, investing in cryptocurrencies makes the most sense. By investing in digital currency, you are effectively creating a basket of digital coins, which acts as an effective protection or as a safe bet against the weakness of the reserve currency.

The average investor should set aside only a small portion of their assets for retirement in cryptocurrencies, due to their volatility. But instability can be reduced in both ways – remember the healthcare stocks of the 1950s and the technology stocks of the 1990s. The smart early investors were the ones who made it big.

Don’t be left behind or lose. Include cryptocurrencies in your assets to start building a truly, diverse portfolio.

Break down the wall – build your trust in cryptocurrencies

One of the biggest and most important obstacles most crypto investors face is not being able to trust digital currencies. Many, especially people who are not involved in technology or are close to retirement, do not understand what promotion is all about. Unfortunately, they fail to understand and appreciate the myriad potentials of cryptocurrency.

The reality is this – cryptocurrencies are one of the most reliable tools, supported by the latest technology. Blockchain technology that drives digital currencies allows you to trade instantly and indelibly without the need for third-party verification. It is a peer-based system that is completely open and works on advanced cryptographic principles.

Pension planning funds should work to demystify cryptocurrencies

In order to build trust and gain the support of individuals, retirement planning funds must educate investors about the endless potentials of cryptocurrencies. To do this, they need advanced analytics to help provide reliable risk analysis, risk / return metrics and projections.

In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the coming years, several smart artificial intelligence-based advisors can be expected to appear on the scene – they will help calculate the right investment based on an individual’s time horizon, risk tolerance and other factors.

Human Advisors can work together with these intelligent advisors and provide clients with personalized consultations and other suggestions as needed.

The need for greater visibility and comprehensive control

Pension investors who want to add cryptocurrencies to their asset portfolio require more control and visibility while experimenting with this new asset. Look for platforms that allow you to combine all your resources in one place. An integrated solution that allows you to manage and balance all your assets including traditional ones such as bonds and stocks with new asset classes such as cryptocurrency wallets.

Having such a broad platform that supports all of your assets gives you a holistic portfolio analysis, helping you make better and more informed decisions. In this way, you achieve the ultimate saving goal for your goals faster.

Look for investment planning portals that also provide additional features such as periodic contributions to cryptocurrencies at planned or unplanned intervals.

Advances in cryptocurrency investment support technologies

Investing in cryptocurrencies will become mainstream only when the accompanying technology allows investors to trade coins without hindrance, even for new investors who are not aware of the knowledge. The exchange of one digital coin for another, or even for fiat currencies and other non-tokenized assets must be enabled. When this becomes possible, it will eliminate intermediaries from the equation, thus reducing costs and additional fees.

With the maturation of technologies that support cryptocurrency investment and trading, the value of digital currencies will increase further as the currency becomes mainstream with wider availability. This means that early users will benefit enormously. As more and more retirement investment platforms integrate cryptocurrencies, the value of digital currencies will surely increase by offering significant gains to those who have adopted early like you.

If you are wondering whether such retirement investment platforms will take several years to see the light of day, then you are wrong. Auctus is one such portal that is currently in the Alpha launch phase. It is the first portfolio retirement platform to include digital currencies. Auctus users can get investment advice from analytics tools powered by people and AI.

For now, users can save for retirement using Bitcoin, Ethereum and several other digital currencies. In addition, users can use the automatic rebalancing feature, which allows them to automatically adjust their portfolio using a set of preset rules.

This holistic approach ensures that beneficiaries can achieve their retirement goals earlier by making smart and correct investment choices or decisions.

Closing Thoughts – Cryptocurrencies should not be neglected in your retirement portfolio

Yes, it is true that cryptocurrencies are very unstable. In fact, there is speculation on the Internet that suggests that “cryptocurrencies are nothing but quick-draw schemes” and that the bubble is likely to burst in the near future.

Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if you have a short investment time horizon. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare opportunity to make profits.

Greater trust, holistic and directly controlled investment management capabilities, and advances in support technologies ensure that digital currencies are a great investment choice to include in your retirement portfolio.